Problem Formulation and Identification

All organizations have to work through the decision-making process. Whether a formal process or a team of individuals sitting down to find a resolution to a problem. It has to be evaluated based on the individual organization. The desired outcome for every organization is success. They have to find the formula to make it work for them. There fundamental aspects of the decision making process that the four organizations are incorporating are evaluating the problem, finding a variety of solutions to correct the problem, analyzing potential risk and making a final decision but they differ in ways too including each organization has a different customer base, including internal and external customer who are taken into consideration (UOP, Decision Making Steps).

StonybrookAt Stonybrook the decision, making process concentrates most of its energy on the outcome of decision with careful consideration of all facts about the situation. With the ever-changing real estate market, each decision is crucial to the success of the organization.

Example of Markov Decision Process (MDP) transitio...

Bancroft Basin, near the River Avon, Stratford

Influencer roles throughout the decision process

Management first evaluates each situation to identify the problems. Each member of management then brainstorms on ways to correct the situation or develops alternative solutions to the problem (Langdon, 2001). After reviewing all fact and outcomes of the decision the members of management then decide which path they wish to take. Numerous lenders closing every day are a major problem Stonybrook encounters. Stonybrook must find alternative lenders to close loans through or other types of lending institutions to conduct business. Management approached the owner with a solution to this problem. Management decided that FHA lending was a path they wished to pursue because there was more opportunity to lend though them rather than a conventional lender. After reviewing all of the fact the owner decided to go with the plan that management developed.

More Management essays:

... manager. Because the autocratic method doesn't involve a group, it can require less time to complete the process. Democratic and Autocratic WeaknessesOne disadvantage of the democratic style is that no one person takes responsibility for the final decision ...

... the best alternative, put the decision into action, evaluate the outcome of the decision and action steps (Time-Management-Guide.com, n.d.). The decision-making processes are based on various problem identification and formulation styles. In problem formulation and identification, understanding the ...

... the sale of portable pitching mounds to a broad range of customers. When it comes to decision making, Envicor uses the consensus method. Consensus is a process using group decision making. The input and ideas of all participants are gathered and synthesized to arrive at a final decision ...

... decision can be make. Conclusion The resolve of all issues is the most important factor in which communication, thinking, and processing take place. Achievement of success is not without obstacles. The ideas that can go wrong will go wrong and it is properly made decisions that pave the way ...

... decision making only the highest person in an organization makes the choices that affect the way a problem is taken care of. The major problem with this is that the highest person in the organization tends to have the least amount of knowledge as to what happens in each particular area. The ...

6 pages31Aug/20100.0

Students & Profs. say about us:

"Good news: you can turn to other's writing help. WriteWork has over 100,000 sample papers"